Blockhaineum Conference

22. November, 2017

Blockhaineum Conference

The Blockhaineum Conference was organized this November in Akvárium Klub. Blockchain is the new craze in technology nowadays, we can hear more and more about it. However, in Hungary, this was the first conference exclusively about the blockchain technology and the future opportunities it offers. Our company was represented as well, our CEO, Antal Kuthy gave a talk. His presentation was around the end of the program, therefore others already introduced the blockchain technology and cryptocurrencies, thus Mr. Kuthy mostly focused on the future opportunities of the technology, and offered an insight into what direction these technologies could develop in, and what effect will it have on our lives. He mentioned the certain steps of blockhain development. He believes that with the development of distributed autonomous organizations distributed autonomous companies, or even distributed autonomous societies could emerge. Regarding this topic, it is only natural that the Internet of Things and the convergence of blockchains were mentioned as well: with the automation of machine-to-machine communication, blockchains are introduced, as intermediate layers, which will make it possible for creating distributed artificial intelligences as well. This field, however, requires several (technical) issues to be resolved. Mr. Kuthy addressed the legal system and how smart contracts will bring changes in that area, becuase automation and artificial intelligence is expected to change the work of lawyers. Smart contracts are neither „smart” nor considered „contracts” at the moment. Their implementation into the legal system is problematic, beginning from the problems of coding and managing personal data to issues of jurisdiction and liability. In the future, technology experts should play a role in legal and financial regulation.